Sterilization Equipment Market: Global analysis and forecast for the period 2024-2030
The Global Sterilization Equipment Market was valued at USD 11.51 Bn. in the year 2023 and is expected to reach USD 20.02 Bn. by 2030 with a growing CAGR of 8.36% over the forecast period of 2024-2030.
Format : PDF | Report ID : SMR_2418
Sterilization Equipment Market Overview:
Sterilization equipment refers to devices and systems used to eliminate all forms of microbial life, including bacteria, viruses, fungi, and spores, from surfaces, instruments, and materials. This process is essential in various industries, particularly in healthcare, pharmaceuticals, and food processing, to ensure that products and environments are free from contaminants that could pose a risk to human health or product integrity.
The sterilization equipment market is experiencing significant growth driven by increased automation, rising infection control demands, and innovations in eco-friendly methods. Automation enhances efficiency and accuracy in sterilization processes, with companies like Getinge AB and SteriPack leading advancements. In China, the market is expanding rapidly, expected to grow at a CAGR of XX% to USD XX billion by 2030. The demand for infection control, particularly in the healthcare and pharmaceutical sectors, is also fueling market growth, with European markets seeing a 12-15% increase in automated systems and pharmaceutical equipment.
Eco-friendly sterilization methods, such as hydrogen peroxide and ozone, are gaining traction, especially in North America, aligning with sustainability goals and regulatory demands. However, regulatory compliance remains a challenge, with stringent standards from bodies like the FDA increasing costs and affecting market dynamics. North America leads the market due to high healthcare spending and advanced infrastructure, while the Asia-Pacific region, notably India, shows strong growth potential driven by expanding healthcare sectors and increasing awareness of hospital-acquired infections.
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Sterilization Equipment Market Trend:
Increased use of automation
The increased use of automation in sterilization equipment is revolutionizing the market by enhancing efficiency, minimizing human error, and ensuring consistent sterilization outcomes. Automated systems streamline processes such as loading and unloading autoclaves, as well as monitoring and managing sterilization cycles through advanced control systems. This not only boosts operational efficiency but also enhances precision and reduces labor costs. In China, the sterilization equipment market is expanding rapidly, driven by increased demand from the healthcare and pharmaceutical sectors. As of 2024, the Chinese sterilization equipment market is projected to grow at a CAGR of approximately 8.5%, reaching around USD 2.5 billion by 2030.
- Getinge AB has integrated advanced automation in its sterilization systems, offering solutions like the Steam Sterilizer with automated loading and unloading capabilities. This innovation enhances process efficiency and compliance.
- SteriPack offers automated sterilization systems that incorporate real-time monitoring and control features. Their systems are designed to optimize sterilization cycles and ensure high standards of quality and safety.
Sterilization Equipment Market Driver:
Increased demand for infection control
The increased demand for infection control significantly impacts the sterilization equipment market by driving innovation and adoption across various sectors. In the healthcare industry, heightened infection control needs in hospitals and clinics spur demand for advanced sterilization technologies to ensure the sterility of surgical instruments and implants. The European sterilization equipment market has seen growth in the use of automated sterilization systems, which increased by 12% in 2023. In the pharmaceutical industry, stringent sterilization requirements for sterile drugs and vaccines boost demand for sophisticated equipment.
In Europe, the market for pharmaceutical sterilization equipment grew by 15% in 2023, driven by increasing vaccine production and stringent quality standards. Companies like Steris and Getinge are leading this trend, showcasing advancements in sterilization technologies and contributing to the overall market growth.
Sterilization Equipment Market Opportunity:
Eco-friendly sterilization methods drive market innovation
Eco-friendly sterilization methods, such as those utilizing low-impact chemicals or advanced technologies like hydrogen peroxide vapour and ozone sterilization, address growing environmental and health concerns. These methods minimize hazardous waste and reduce chemical exposure, aligning with global sustainability goals. Their adoption impacts the market by driving innovation and creating new opportunities for companies offering greener solutions. In North America’s sterilization equipment market, this trend is particularly influential due to stringent environmental regulations and heightened awareness of sustainability.
- STERIS Corporation has developed low-temperature hydrogen peroxide sterilizers that are more eco-friendly compared to traditional methods.
- Getinge AB offers ozone-based sterilization systems that reduce reliance on toxic chemicals. These advancements not only meet regulatory requirements but also appeal to environmentally conscious customers, enhancing market growth and competitive positioning.
Sterilization Equipment Market Challenge:
Regulatory Compliances
Regulatory compliance is a critical challenge in the sterilization equipment market due to stringent standards set by health authorities such as the FDA, EMA, and regional bodies. Manufacturers must ensure their equipment meets these rigorous requirements, which involve detailed documentation, validation processes, and regular inspections. This adherence can be both complex and costly, requiring significant investments in quality control, testing, and regulatory affairs. The impact on the market includes increased costs for manufacturers, which can lead to higher prices for end-users and slower product development cycles. Compliance issues may also limit market entry for new players, reducing competition and potentially stifling innovation.
In North America, the FDA’s regulations are particularly stringent, affecting manufacturers by demanding comprehensive clinical data and validation processes.
- STERIS, known for its advanced sterilization technologies, invests heavily in meeting FDA standards, which influences its product pricing and market positioning.
Sterilization Equipment Market Segment Analysis:
By End User: The end-user segment analysis of the sterilization equipment market comprises hospitals and clinics, pharmaceutical companies, medical devices companies, and the food and beverage industry. In 2023, hospitals and clinics held the largest market revenue share. Facilities that use invasive treatments and equipment are more prone to experience healthcare-associated infections (HAIs). Patients who underwent invasive procedures had a 3.6-fold higher risk of infection than those who did non-invasive procedures, according to a study.
Therefore, to stop infectious microorganisms from spreading to patients through surgical and medical instruments, equipment needs to be cleaned and sterilized according to recognized protocols. One of the other elements driving the rise is the expansion of pharmaceutical companies into developing nations like China and India. This is anticipated to fuel this segment's revenue growth through the forecast period.
Sterilization Equipment Market Regional Insights:
North America leads the sterilization equipment market due to the increasing incidence of hospital-acquired infections and robust healthcare infrastructure. In the US, stringent infection control measures and advanced healthcare facilities drive sterilizing equipment market demand, supported by favorable reimbursement policies. Canada also contributes with its growing healthcare sector and emphasis on infection prevention. Both countries benefit from high healthcare spending and technological advancements, further fueling market growth. As hospitals and healthcare facilities focus on effective sterilization to prevent infections, the demand for sterilization equipment continues to rise, driving expansion in the region.
The Asia-Pacific region is projected to experience robust growth from 2024 to 2030, driven by an expanding healthcare sector and heightened demand for non-disposable medical devices. The rise in hospital-acquired infections (HAIs) has increased regional awareness, further fueling sterilization equipment market expansion. Specifically, India is a major contributor within the region, with the non-disposable medical device market in India expected to grow at a CAGR of XX% during the forecast period. India's healthcare expenditure is anticipated to reach $450 billion by 2025, underscoring its significant role in the Asia-Pacific sterilization equipment market's overall growth trajectory.
Sterilization Equipment Market Competitive Landscape:
Johnson & Johnson: A major player in the healthcare sector, J&J has a robust presence in sterilization equipment through its medical device division. The company's financial performance for 2023 showed revenues of $102.6 billion, with its medical device segment contributing significantly. J&J's strategic focus includes enhancing sterilization processes and integrating advanced technologies. Recent developments include investments in eco-friendly sterilization technologies and expanding its product portfolio to meet the increasing demand for infection control.
Sotera Health: A leading provider of sterilization solutions, Sotera Health reported revenues of $1.1 billion in 2023. The company operates primarily through its Sterigenics and Nordion brands. Sotera's strategy emphasizes innovation in sterilization technology and expanding its global footprint. Recent advancements include the adoption of more efficient and sustainable sterilization methods, aligning with growing industry demands for eco-friendly solutions.
Recent Development:
- In 2023, 3M launched a new range of sterilization indicators and monitoring systems that improve accuracy and safety in the sterilization process. The Company continued to advance its sustainability efforts by integrating more eco-friendly materials and processes into its sterilization products.
- In 2023, Belimed AG introduced an upgraded version of its sterilization equipment with enhanced automation capabilities, aimed at improving operational efficiency in hospitals. The Company formed new partnerships with healthcare institutions to pilot advanced sterilization solutions.
- In 2023, Matachana Group launched a new sterilizer model that offers increased energy efficiency and reduced environmental impact. The Company expanded its market presence in Asia-Pacific by opening new service centers in key countries.
Sterilization Equipment Market Scope:
Sterilization Equipment Market |
|
Market Size in 2023 |
USD 11.51 Bn. |
Market Size in 2030 |
USD 20.02 Bn. |
CAGR (2024-2030) |
8.36% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Sterilization Equipment Market Segments |
By Product and Service
|
By Technology
|
|
By End User
|
|
Regional Scope |
North America (United States, Canada, and Mexico) Europe – (UK, France, Germany, Italy, Spain, Russia, Austria, and Rest of Europe) Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC) Middle East and Africa ( South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa) South America – (Brazil, Argentina, Rest of South America) |
Sterilization Equipment Market Key Players:
- Getinge AB
- 3M Company
- Belimed AG
- Matachana Group
- MMM Group
- Cantel Medical Corp.
- Advanced Sterilization Products
- Johnson & Johnson
- Sotera Health
- Tuttnauer
- MELAG Medizintechnik GmbH & Co. KG
- Sterigenics International LLC
Frequently Asked Questions
North America will continue to be the largest market for the Sterilization Equipment Market.
Regulatory compliance is a major challenge in the Sterilization Equipment Market.
The segments covered in the Sterilization Equipment Market report are based on product and service, technology, and end users.
The use of Eco-friendly sterilization methods is the key opportunity in the Sterilization Equipment Market.
1. Sterilization Equipment Market: Research Methodology
2. Sterilization Equipment Market Introduction
2.1. Study Assumption and Market Definition
2.2. Scope of the Study
2.3. Executive Summary
3. Global Sterilization Equipment Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.3.1. Company Name
3.3.2. Offering Segment
3.3.3. End-user Segment
3.3.4. Revenue (2023)
3.3.5. Company Headquarter
3.4. Market Structure
3.4.1. Market Leaders
3.4.2. Market Followers
3.4.3. Emerging Players
3.5. Mergers and Acquisitions Details
4. Sterilization Equipment Market: Dynamics
4.1. Sterilization Equipment Market Trends
4.2. Sterilization Equipment Market Dynamics
4.2.1.1. Drivers
4.2.1.2. Restraints
4.2.1.3. Opportunities
4.2.1.4. Challenges
4.3. PORTER’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.6. Regulatory Landscape by Region
4.6.1. North America
4.6.2. Europe
4.6.3. Asia Pacific
4.6.4. Middle East and Africa
4.6.5. South America
5. Sterilization Equipment Market: Global Market Size and Forecast (Value in USD Billion) (2023-2030)
5.1. Sterilization Equipment Market Size and Forecast, By Product and Service (2023-2030)
5.1.1. Sterilization Instrument
5.1.2. Sterilization Accessories
5.1.3. Sterilization Consumables
5.1.4. Sterilization Services
5.2. Sterilization Equipment Market Size and Forecast, By Technology (2023-2030)
5.2.1. High-Temperature Sterilization
5.2.2. Low-Temperature Sterilization
5.2.3. Ionizing Radiation Sterilization
5.2.4. Filtration Sterilization
5.3. Sterilization Equipment Market Size and Forecast, By End User (2023-2030)
5.3.1. Hospitals and Clinics
5.3.2. Pharmaceutical Companies
5.3.3. Medical Devices Companies
5.3.4. Food and Beverage Companies
5.3.5. Others
5.4. Sterilization Equipment Market Size and Forecast, by Region (2023-2030)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Middle East and Africa
5.4.5. South America
6. North America Sterilization Equipment Market Size and Forecast by Segment Analysis (Value in USD Billion) (2023-2030)
6.1. North America Sterilization Equipment Market Size and Forecast, By Product and Service (2023-2030)
6.1.1. Sterilization Instrument
6.1.2. Sterilization Accessories
6.1.3. Sterilization Consumables
6.1.4. Sterilization Services
6.2. North America Sterilization Equipment Market Size and Forecast, By Technology (2023-2030)
6.2.1. High-Temperature Sterilization
6.2.2. Low-Temperature Sterilization
6.2.3. Ionizing Radiation Sterilization
6.2.4. Filtration Sterilization
6.3. North America Sterilization Equipment Market Size and Forecast, By End User (2023-2030)
6.3.1. Hospitals and Clinics
6.3.2. Pharmaceutical Companies
6.3.3. Medical Devices Companies
6.3.4. Food and Beverage Companies
6.3.5. Others
6.4. North America Sterilization Equipment Market Size and Forecast, by Country (2023-2030)
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico
7. Europe Sterilization Equipment Market Size and Forecast by Segment Analysis (Value in USD Billion) (2023-2030)
7.1. Europe Sterilization Equipment Market Size and Forecast, By Product and Service (2023-2030)
7.2. Europe Sterilization Equipment Market Size and Forecast, By Technology (2023-2030)
7.3. Europe Sterilization Equipment Market Size and Forecast, By End User (2023-2030)
7.4. Europe Sterilization Equipment Market Size and Forecast, by Country (2023-2030)
7.4.1. United Kingdom
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Sweden
7.4.7. Russia
7.4.8. Rest of Europe
8. Asia Pacific Sterilization Equipment Market Size and Forecast by Segment Analysis (Value in USD Billion) (2023-2030)
8.1. Asia Pacific Sterilization Equipment Market Size and Forecast, By Product and Service (2023-2030)
8.2. Asia Pacific Sterilization Equipment Market Size and Forecast, By Technology (2023-2030)
8.3. Asia Pacific Sterilization Equipment Market Size and Forecast, By End User (2023-2030)
8.4. Asia Pacific Sterilization Equipment Market Size and Forecast, by Country (2023-2030)
8.4.1. China
8.4.2. S Korea
8.4.3. Japan
8.4.4. India
8.4.5. Australia
8.4.6. ASEAN
8.4.7. Rest of Asia Pacific
9. Middle East and Africa Sterilization Equipment Market Size and Forecast by Segment Analysis (Value in USD Billion) (2023-2030)
9.1. Middle East and Africa Sterilization Equipment Market Size and Forecast, By Product and Service (2023-2030)
9.2. Middle East and Africa Sterilization Equipment Market Size and Forecast, By Technology (2023-2030)
9.3. Middle East and Africa Sterilization Equipment Market Size and Forecast, By End User (2023-2030)
9.4. Middle East and Africa Sterilization Equipment Market Size and Forecast, by Country (2023-2030)
9.4.1. South Africa
9.4.2. GCC
9.4.3. Nigeria
9.4.4. Rest of ME&A
10. South America Sterilization Equipment Market Size and Forecast by Segment Analysis (Value in USD Billion) (2023-2030)
10.1. South America Sterilization Equipment Market Size and Forecast, By Product and Service (2023-2030)
10.2. South America Sterilization Equipment Market Size and Forecast, By Technology (2023-2030)
10.3. South America Sterilization Equipment Market Size and Forecast, By End User (2023-2030)
10.4. South America Sterilization Equipment Market Size and Forecast, by Country (2023-2030)
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest Of South America
11. Company Profile: Key Players
11.1. Getinge AB
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.3. Financial Overview
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. 3M Company
11.3. Belimed AG
11.4. Matachana Group
11.5. MMM Group
11.6. Cantel Medical Corp.
11.7. Advanced Sterilization Products
11.8. Johnson & Johnson
11.9. Sotera Health
11.10. Tuttnauer
11.11. MELAG Medizintechnik GmbH & Co. KG
11.12. Sterigenics International LLC
12. Key Findings
13. Industry Recommendations